Shares of ATRenew Inc. (NYSE:RERE - Get Free Report) traded up 10.4% on Wednesday . The stock traded as high as $3.14 and last traded at $3.14. 823,132 shares were traded during mid-day trading, an increase of 23% from the average session volume of 667,237 shares. The stock had previously closed at $2.84.
ATRenew Price Performance
The stock has a market cap of $691.38 million, a price-to-earnings ratio of -56.69, a P/E/G ratio of 0.41 and a beta of 0.10. The business has a fifty day moving average of $2.82 and a 200 day moving average of $2.71.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently modified their holdings of the business. NewEdge Advisors LLC acquired a new stake in shares of ATRenew in the fourth quarter worth about $29,000. Walleye Capital LLC acquired a new stake in ATRenew in the 3rd quarter worth approximately $32,000. QRG Capital Management Inc. bought a new stake in ATRenew during the fourth quarter worth approximately $48,000. Squarepoint Ops LLC acquired a new stake in shares of ATRenew in the fourth quarter worth $50,000. Finally, Russell Investments Group Ltd. bought a new stake in ATRenew during the fourth quarter valued at about $82,000. Institutional investors own 19.29% of the company's stock.
About ATRenew
(
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ATRenew Inc, through its subsidiaries, operates pre-owned consumer electronics transactions and services platform in the People's Republic of China. It primarily sells mobile phones, laptops, tablets, drones, digital cameras; and vintage bags, watches, liquor, gold, and various household goods through its online platforms and offline stores, as well as provides services to third-party merchants to sell the products through its platforms.
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